Fox Run Management L.L.C. Makes New Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Fox Run Management L.L.C. bought a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 814 shares of the restaurant operator’s stock, valued at approximately $342,000.

A number of other large investors also recently made changes to their positions in the business. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $25,000. True Wealth Design LLC boosted its stake in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Domino’s Pizza in the fourth quarter worth $42,000. Finally, Private Trust Co. NA raised its holdings in shares of Domino’s Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock worth $61,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,597 shares of company stock valued at $3,762,052. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

DPZ has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Barclays lifted their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Finally, Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $466.84 on Thursday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a market capitalization of $16.01 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a 50-day simple moving average of $458.02 and a 200-day simple moving average of $440.84.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 EPS. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Domino’s Pizza Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.